TIDMMWB TIDMMBE

RNS Number : 6693F

MWB Group Holdings PLC

28 April 2011

FORM 8 (OPD)

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

1. KEY INFORMATION

 
     (a) Identity of the party to the offer         MWB Group Holdings Plc 
     making the disclosure: 
-------------------------------------------------  --------------------------- 
     (b) Owner or controller of interests and 
     short positions disclosed, if different from 
     1(a): The naming of nominee or vehicle 
     companies is insufficient 
-------------------------------------------------  --------------------------- 
     (c) Name of offeror/offeree in relation to     MWB Group Holdings Plc 
     whose relevant securities this form relates: 
     Use a separate form for each party to the 
     offer 
-------------------------------------------------  --------------------------- 
     (d) Is the party to the offer making the       OFFEROR 
     disclosure the offeror or the offeree? 
-------------------------------------------------  --------------------------- 
     (e) Date position held:                        28 April 2011 
-------------------------------------------------  --------------------------- 
     (f) Has the party previously disclosed, or     YES 
     is it today disclosing, under the Code in       MWB Business Exchange Plc 
     respect of any other party to this offer? 
-------------------------------------------------  --------------------------- 
 

2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

 
 Class of relevant           Units (each of which comprises one ordinary share 
 security:                    of 0.1p and 20 B ordinary shares of 0.01p each) 
--------------------------  -------------------------------------------------- 
                                    Interests              Short positions 
--------------------------  ------------------------  ------------------------ 
                                  Number         %          Number         % 
--------------------------  -----------------  -----  -----------------  ----- 
     (1) Relevant                  Nil           -           Nil           - 
     securities owned 
     and/or controlled: 
--------------------------  -----------------  -----  -----------------  ----- 
     (2) Derivatives               Nil           -           Nil           - 
     (other than 
     options): 
--------------------------  -----------------  -----  -----------------  ----- 
     (3) Options and               Nil           -           Nil           - 
     agreements to 
     purchase/sell: 
--------------------------  -----------------  -----  -----------------  ----- 
     TOTAL:                        Nil           -           Nil           - 
--------------------------  -----------------  -----  -----------------  ----- 
 

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

(b) Rights to subscribe for new securities

 
 Class of relevant security in relation to which subscription   None 
  right exists: 
-------------------------------------------------------------  ----- 
 Details, including nature of the rights concerned              None 
  and relevant percentages: 
-------------------------------------------------------------  ----- 
 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(c) Irrevocable commitments and letters of intent

 
 Details of any irrevocable commitments or letters 
  of intent procured by the party to the offer making 
  the disclosure or any person acting in concert with 
  it (see Note 3 on Rule 2.11 of the Code): 
----------------------------------------------------- 
 None 
----------------------------------------------------- 
 

3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

 
 Details of any interests, short positions and rights 
  to subscribe of any person acting in concert with 
  the party to the offer making the disclosure: 
-------------------------------------------------------- 
 The following directors of MWB Group Holdings Plc 
  hold the following interests in Units of MWB Group 
  Holdings Plc: 
                      Number of 
                      Units in MWB 
                      Group 
                      Holdings       Percentage of 
   Director           Plc             Units 
   Richard 
    Balfour-Lynn(1)   16,433,655     10.02% 
   Jagtar Singh(1)    3,503,284      2.14% 
   Michael 
    Bibring(1)        3,943,075      2.40% 
   David Marshall     2,000,000      1.22% 
 
  (1) Member of the MWB Group Holdings Plc 1997 Concert 
  Party. See below. 
  The following persons who are members of the MWB Group 
  Holdings Plc 1997 Concert Party and are deemed by 
  the Panel on Takeovers and Mergers to be acting in 
  concert, hold the following interests in shares of 
  MWB Group Holdings Plc: 
                    Number of 
                    shares in MWB 
   Member of 1997   Group Holdings   Percentage of 
    Concert Party   Plc               Units 
   Richard 
    Balfour-Lynn    16,433,655       10.02% 
   Andrew Blurton   694,130          0.42% 
   Jagtar Singh     3,503,284        2.14% 
   Michael 
    Bibring         3,943,075        2.40% 
   William 
    Broadbent       1,583,739        0.97% 
   John Harrison    10,600,331       6.46% 
   Joseph Shashou   14,116,402       8.60% 
   Ogier Employee 
    Benefit 
    Trustee 
    Limited as 
    trustee of 
    the 1997 
    Marylebone 
    Warwick 
    Balfour Group 
    Employee 
    Share Scheme    766,006          0.47% 
   Ogier Employee 
    Benefit 
    Trustee 
    Limited as 
    trustee of 
    the 2009 MWB 
    Group 
    Employee 
    Share Scheme    3,333,333        2.03% 
-------------------------------------------------------- 
 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3 for each additional class of relevant security.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

 
 Details of any indemnity or option arrangement, or 
  any agreement or understanding, formal or informal, 
  relating to relevant securities which may be an inducement 
  to deal or refrain from dealing entered into by the 
  party to the offer making the disclosure or any person 
  acting in concert with it: 
  If there are no such agreements, arrangements or understandings, 
  state "none" 
------------------------------------------------------------------ 
 None 
------------------------------------------------------------------ 
 

(b) Agreements, arrangements or understandings relating to options or derivatives

 
     Details of any agreement, arrangement or understanding, 
      formal or informal, between the party to the offer 
      making the disclosure, or any person acting in concert 
      with it, and any other person relating to: 
      (i) the voting rights of any relevant securities under 
      any option; or 
      (ii) the voting rights or future acquisition or disposal 
      of any relevant securities to which any derivative 
      is referenced: 
      If there are no such agreements, arrangements or understandings, 
      state "none" 
---------------------------------------------------------------------- 
 None 
---------------------------------------------------------------------- 
 

(c) Attachments

Are any Supplemental Forms attached?

 
 Supplemental Form 8 (Open Positions)   NO 
-------------------------------------  --- 
 Supplemental Form 8 (SBL)              NO 
-------------------------------------  --- 
 
 
 Date of disclosure:    28 April 2011 
---------------------  ------------------------------- 
 Contact name:          Jagtar Singh, Finance Director 
---------------------  ------------------------------- 
 Telephone number:      020 7706 2121 
---------------------  ------------------------------- 
 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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